Bitcoin was the first asset to price the Iran war because it was the only liquid market open when the US and Israel first launched their attack on a Saturday a few weeks ago. It fell 8.5% that day. Two weeks later, it has outperformed gold, the S&P 500, Asian stocks and the Korean stock […]
The Ethereum Foundation (EF) said it completed the sale of 5,000 ether (ETH) in an over-the-counter transaction with one of the top crypto-tax companies Bitmine Immersion Technologies. The sale was approved at an average price of $2,042.96 per ETH, the Foundation said, placing the value of the transaction at about $10.2 million. The non-profit organization,
Ethereum Foundation Sells 5,000 Ether to BitMine in $10.2 Million OTC Deal Read More »
The ongoing war in the Middle East has not only disrupted the flow through the Strait of Hormuz, but it has also affected a host of high-profile business events in the region, including major crypto conferences. TOKEN2049 Dubai, one of the largest crypto conferences in the world, will not take place this year. Organizers said
Iran war cancels crypto events, hits multi-million dollar Formula 1 partnerships Read More »
The blockchain trilemma reared its head once again at Consensus in Hong Kong in February, to some extent putting Cardano founder Charles Hoskinson on the back foot – having to reassure attendees that hyperscalers like Google Cloud and Microsoft Azure are not a risk of decentralization. The point was made that large blockchain projects need
Hoskinson may be wrong about the future of decentralized computing Read More »
Former British Prime Minister Boris Johnson has called bitcoin BTC$70,587.66 a “gigantic Ponzi scheme,” prompting a swift rebuke from strategy chairman Michael Saylor and other netizens. In a column published in Daily Mail and posted on the social media platform X, Johnson wrote that he had long suspected that cryptocurrencies depended on “a supply of
Boris Johnson calling Bitcoin a ‘Ponzi’ draws rebuttal from Michael Saylor and others Read More »
The origin story of one of the biggest AI political crusaders in the world starts with a dog coin, a locker in Canada and a 78-digit number. In 2021, the creators of Shiba Inu sent a massive chunk of SHIB tokens to Vitalik Buterin’s wallet without asking. The idea was simple. Put “Vitalik owns half
Shiba Inu’s shib created a $1 billion AI war chest – and Vitalik regrets it Read More »
Wall Street is racing toward tokenized stocks and 24/7 trading, but many institutional investors are wary of the instant settlement model. Tokenization refers to representing traditional assets such as stocks on blockchain networks. In theory, the approach could modernize market infrastructure that dates back decades, allowing securities to move and settle instantly, while potentially enabling
Wall Street is pushing tokenized stocks, but institutions aren’t eager to trade them Read More »
It’s not out of the realm of possibility that Strategy (MSTR) could be the owner of 1 million bitcoins — or nearly 5% of the 21 million bitcoins that will ever be created — by the end of 2022. The company currently has 738,731 BTC, which means it would need to acquire an additional 261,269
That’s how it could happen this year Read More »
Brazil’s leading cryptocurrency and fintech industry groups have warned that extending a financial transaction tax to stablecoin operations could harm innovation and violate existing legislation. In a joint statement shared with CoinDesk, industry associations ABcripto, ABFintechs, Abracam, ABToken and Zetta said recent discussions to extend a tax on financial operations (known locally as Imposto sobre
Brazilian industry giants representing 850 companies reject stablecoin tax threat Read More »
To get an idea of how big of a deal AI-based trading could be for crypto, ask entrepreneurs and developers involved in digital assets, especially stablecoins. They will happily tell you that blockchain-based money is the natural fit, an essential element in the mix, and so on. Their logic is simple. Over the past few
